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Mdc Partners Inc  (MDCA)
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EARNINGS REPORT by CSIMarket

Earnings helped by tax benefit

A $8 million tax benefit, helped Mdc Partners Inc to post $-0.06 eps in the second quarter 2020

By_David_Villarreal_Fernandez_(Flickr_Alfa_Romeo_4C_Competizione)__[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_CommonWeak demand caused increase in losses for the second quarter 2020, company's loss per share grew at $-0.06 from $0.01 where Sales fell by -28.29 % to $260 millions from $362 millions a year ago.

In contrast to the first quarter 2020 Sales fell by -20.77 % from $328 millions and increased losses from $-0.03 per share.

Net income of $2.508 millions in the second quarter 2020 fell by -65.8 % from $7.333 millions in the corresponding period a year before.

The situation for Mdc Partners Inc would be even worse, if there wasn't $8 million tax benefit, to restrain the decline to just -65.8 % in the second quarter 2020.

Company's net margin was effected by $19 million asset impairment, other weise Mdc Partners Inc would have been more profitable in the second quarter 2020. Looking further into second quarter 2020 Mdc Partners Inc's profitability, operating margin mitigated to 0.04%, and net margin shrank to 0.97%.


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Other MDCA's Earnings Reports

Mdc Partners Inc reported first quarter 2020 earnings

Mdc Partners Inc reported fourth quarter 2019 earnings

Mdc Partners Inc reported third quarter 2019 earnings

       
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